TMTPOST — Legend Capital, the venture arm of Legend Holdings and part of the broader Lenovo ecosystem, has joined DeepSeek’s latest funding round of approximately 100 billion yuan ($15 billion), according to multiple people familiar with the matter. The round, first reported by Bloomberg, saw DeepSeek raise its target at least twice from an initial 50 billion yuan. New investors include semiconductor-focused Shixi Capital (linked to GigaDevice), SMIC-backed Zhongxin Juyuan, CPE Yuanfeng, and automaker Geely. Existing shareholders Contemporary Amperex Technology and Tencent each committed roughly 100 billion yuan in additional capital and rank among the largest participants. Other returning backers include IDG Capital, Monolith and Shixiang Capital. The pre-money valuation is reported near 500 billion yuan. The expanded investor list underscores DeepSeek’s preference for industrial partners that can support computing infrastructure, semiconductor supply and application scenarios. The financing strengthens the company’s position as it prepares for a potential STAR Market listing and continues to compete with global peers such as OpenAI and Anthropic.